In 2021, tuition for full-time Franciscan Missionaries of Our Lady University students was $13,812 a year.
Tuition increased 3.01% in 2022–from $13,409 the previous year. On average, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make thecost of college feel more doable until you're done with college.
Franciscan Missionaries of Our Lady University is a private, religious institution, which means it has the same tuition for residents of Louisiana as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending an insitution where you qualify for in-state tuition can drastically reduce the total cost of attending college. Don't forget to confirm your state's guidelines for how to qualify for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on where you live.
Franciscan Missionaries of Our Lady University has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or school-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may qualify for the following types of financial support at Franciscan Missionaries of Our Lady University:
•Franciscan Missionaries of Our Lady University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Franciscan Missionaries of Our Lady University.
Franciscan Missionaries of Our Lady University doesn't offer on-campus housing for students, so there is no cost for housing, however you should take into account other housing costs when evaluating the cost of various schools
Meal-plan costs vary based on on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be additional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources for students with demonstrated need to find ways to lower or eliminate these costs.
The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation.
The location of a college or university can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city may be pricey, but there may be more trains, busses or low-cost flight options to actually get to school. Franciscan Missionaries of Our Lady Universityis located in a urban setting in Louisiana, not far from New Orleans.
When you're planning for college, be sure to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of what is really costs to go to Franciscan Missionaries of Our Lady University.
What will the cost of attending Franciscan Missionaries of Our Lady University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Franciscan Missionaries of Our Lady University undergrads use financial aid to help pay for school. In 2022, 524 of the 1,034 undergrads enrolled received financial aid.
The average financial aid package for a full-time, first-year student is around $6,513 a year. Around 78% of Franciscan Missionaries of Our Lady University undergrads take out student loans to cover any remaining costs. Franciscan Missionaries of Our Lady University graduates who have student loans graduate with an average of $12,019 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Franciscan Missionaries of Our Lady University Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Franciscan Missionaries of Our Lady University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Franciscan Missionaries of Our Lady University awarded 445 need-based scholarships to students, giving away total of $3.1 million to help students with financial need cover the cost of school.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Franciscan Missionaries of Our Lady University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Franciscan Missionaries of Our Lady University was $6,513 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Franciscan Missionaries of Our Lady University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Franciscan Missionaries of Our Lady University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Franciscan Missionaries of Our Lady University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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